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Indiabulls promoters, directors booked; firm moves court to get FIR quashed

The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed

Indiabulls  | Maharashtra Police | money laundering case

Shrimi Choudhary  |  New Delhi 

Indiabulls had its compulsions: It desperately wanted a banking licence but why would any bank in their right mind want to acquire LVB?
When contacted, Indiabulls group said that since the matter is sub-judice, it cannot comment on the case

The has booked group companies, including its flagship Housing Finance (IBHL), for allegedly siphoning off funds and for accounting irregularities committed by the promoters and directors of the company between 2014 and 2020.



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First Published: Tue, April 27 2021. 00:34 IST